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COVID-19 Household Support Programme
SBM Bank (Mauritius) Ltd is pleased to present the Terms and Conditions to benefit from the COVID-19 Household Support Programme.
The Terms and Conditions have been…
Home Loan
The new SBM Homeloan was designed to provide you with a valuable home loan solution that meets your needs and wants for future projects. Get your home loan refinanced by the SBM so that you may achieve your lifetime dream of purchasing a plot of land, a house or an apartment.
As one of the leading banks in…
Boost Loan
SBM Boost is a multipurpose personal loan, with a ceiling of Rs 3,000,000, which does not require you to provide any guarantee.
SBM Boost is a highly flexible and…
Personal Loan
SBM Personal loan is an all-purpose financing solution for any personal project that the customer wishes to implement, whether for a wedding, purchasing a personal computer or any other personal requirements.
SBM Personal loan is an all-purpose…
SBM Achiever
SBM Achiever fulfils the financial requirements of students studying locally and internationally at competitive interest rates.
SBM Achiever was devised to meet the…
SBM Auto Lease
SBM Auto Lease provides you with a cost-effective way of owning a car, turning your dreams into reality, at competitive interest rates.
SBM Auto Lease provides you with a cost…
Indicative Interest Rates
| INTEREST RATES ON SAVINGS/CURRENT ACCOUNTS – EFFECTIVE 1st MAY 2020 | |
| Savings Account | 0.25% p.a. |
| SBM All-In-One Account |
0.20% p.a. |
| Senior Citizens Savings Account |
0.40% p.a. |
The above rates are applicable to individuals only.
|
INTEREST RATES ON MUR TERM DEPOSITS – EFFECTIVE 1ST MAY 2020 (Applicable for individual customers only) |
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| 12 Months | 0.20% over Savings Rate presently being 0.25% (0.45%) | Half Yearly |
| 24 Months | 0.40% over Savings Rate presently being 0.25% (0.65%) | Half Yearly |
| 24 Months | 0.55% over Savings Rate presently being 0.25% (0.80%) | At Maturity |
| 36 Months | 0.60% over Savings Rate presently being 0.25% (0.85%) | Half Yearly |
| 36 Months | 0.75% over Savings Rate presently being 0.25% (1.00%) | At Maturity |
The above interest rates for term deposits are for deposits up to MUR 5,000,000. For large single deposits exceeding MUR 5,000,000 and for longer periods, please contact your Service Supervisor.
Non-individuals or businesses are requested to contact their respective Relationship Officer for indicative rates.
Non-individuals or businesses are requested to contact their respective Relationship Officer for indicative rates.
| EFFECTIVE 1ST MAY 2020 |
| SBM Prime Lending Rate (PLR) is presently 4.25 % p.a. |
|
INTEREST RATES ON FOREIGN CURRENCY DEPOSITS – Effective as from April to June 2020 (Applicable for individual customers only) |
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| TERM DEPOSITS | |||
| USD | EUR | GBP | |
| 12 Months | 1.43 | 0.02 | 0.58 |
| 24 Months | 1.58 | 0.10 | 0.73 |
| 36 Months | 1.73 | 0.12 | 0.83 |
| 48 Months | 1.83 | 0.19 | 0.93 |
| 60 Months | 1.93 | 0.34 | 1.03 |
| CALL DEPOSITS | |||
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No interest is currently payable on Foreign Currency Call Deposits. Negative interest rates may apply to certain Foreign Currency Call Deposits. |
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The above rates are applicable for amounts up to 100,000 units of FCY.
For higher amount, please contact your Service Leader or Private Banker.
Non-individuals or businesses are requested to contact their respective Relationship Officer for indicative rates.
The above rates are indicative and may fluctuate. Please check the latest interest rates and deposit
periods available at any SBM Service Unit.